Saturday, March 5, 2016

Technical Analysis Mar 2016: MYEG (0138)



MY E.G. SERVICES BHD (0138) 

Observation From Chart:-

MYEG forming descending triangle pattern.

Will it rebound @ RM2.05 support level?

Other indicator:-
MACD moving toward negative region, downtrend sign.
Stochastic %K trigger SELL call.

Immediate support @ RM2.05 level.
Subsequent support @ RM1.88 which is MA100 level.

Immediate resistance @ RM2.15 which is MA50 level.
Subsequent resistance @ RM2.33 level.

Let's watch closely for rebound opportunity.

0 comments:

Post a Comment